Trusty.care builds partnerships with Credit Unions, providing tools that optimize their members financial well-being.
Retired and boomer members benefit from the financial education and services that credit unions provide. Once enrolled in Medicare, individuals may no longer contribute to HSA accounts. A healthy 55-year-old woman will pay $522,827 ($253,594 in today’s dollars) in retirement out-of-pocket health care expenses – almost $79,000 more than a male – because she will live two years longer. Looking ahead, because of rising health care inflation and an additional year of life expectancy, a 45-year-old single female will pay 27.5% more ($966,952) in health care costs than a male of the same age. As members age, there is a risk that, without planning for healthcare coverage and costs, a healthcare management mistake or unexpected diagnosis could undo all the hard work members have done preparing, with their Credit Union, for their future.
Given the consequences of health-related out of pocket expenses and medical debt on American families, and the connection between health and financial well-being, it is critical for Credit Unions to consider health coverage and planning for their members.
Our founders boast a decade of experience in elder care and insurance, big data, and artificial intelligence.
We share common ground, most notably the desire to have individuals at the center of decision-making, with the design of services and products targeted to meet individual needs.